Tax Professionals - Nguyen, Wilson, Chung & Associates, LLC

Contact us at 1-800-917-1118

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Payoff your tax debt with Offer-in-Compromise or a manageable payment plan

We offer tax debt help and tax relief help. We assist our clients who are unable to pay their taxes in full to come up with a manageable payment plan or, if qualified, to assist our clients in reduction/settlement of the taxes with the IRS and various state taxing authorities through the offer-in-compromise program. Within the last two years- we had 66 Offers-in-Compromise applications submitted by our representatives accepted by the IRS with an average savings of $31,957 per accepted case and a total savings of over $2 million dollars ($2,109,162) (Updated as of June 3, 2009). If you have a tax lien, in certain instances, we may be able to assist you in releasing the tax lien on properties. Contact us to discuss your particular situation.

We have tax debt relief and resolution experience in areas such as:

Offer-in-Compromise

Offer-in-Compromise (Doubt as to Collectibility) may be a viable option if you do not have the income and assets to fully satisfy your outstanding tax debt. There are a number of requirements to successfully negotiate an offer-in-compromise. Our tax professionals have years of experience in this field and can assist you to negotiate the lowest possible settement amount for your tax debt based on your financial condition. Further, in certain instances- the IRS can settle a tax debt even if you have the assets to fully pay your tax debt, if due to exceptional circumstances, requiring full payment would cause an economic hardship or would be unfair and inequitable. Because this program (Offer-in-Compromise - Effective Tax Adminstration) is very fact specific, only certain taxpayers qualify for this relief.

Partial-pay Installment Agreement

Another alternative in resolving a tax debt may be to enter into a partial-pay installment agreement. Based on your financial condition, if you qualify, we can enter into a payment agreement whereby the total payments made to the IRS (before the collection statute expiration date) is less than the total amount of tax due. You are not responsible to pay the remaining balance.

Installment Agreement

Based on your financial condition, if you qualify, we can also set up a payment plan that conforms to your financial condition. Once you enter into an installment agreement, if you meet certain criteria, the penalty for failure to pay is reduced by 50%.

Penalty Abatement

The IRS assesses a number of penalties on a tax account including late filing, late paying, and accuracy/negligence penalties. These penalties may sometimes dwarf the actual principal owed on old tax debts. There are a number of provisions to abate these penalties. Penalty abatement is very fact specific and we can advise you if you qualify for this relief.

Tax Lien Subordination

The IRS and state taxing authorities will, under most circumstances, file a tax lien. A tax lien will prevent you from re-financing or to sell a property. There are provisions that allow you to subordinate the government's tax lien to allow you to refinance or to sell a property. Please contact us if you need assistance in this area.